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    Rowlett Office & Warehouse Building Title is generated by Realmo AI

    3906 Industrial Street, Rowlett, TX 75088

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    Claim this Listing
    For Sale
    Under Contract
    $1,250,000

    Office - Rowlett, TX

    Type:Office
    Property size:
    7,200 SF
    Lot size:
    0.39 Acres
    Price / SF:
    $173/SF
    Added:
    Apr 4, 2026
    Days on Market:
    43
    Last Refresh:
    May 16 at 3:06 pm

    Property Features for 3906 Industrial Street

    General Information

    Property type
    Commercial Sale
    Property subtype
    Office
    Standard status
    Active Under Contract
    APN
    44016550040030000
    Size
    7,200 SF
    Lot size
    0.39 Acres

    Utilities

    Heating system
    Central
    Cooling system
    Central Air

    Building Details

    Year built
    2001
    Flooring type
    Carpet, Concrete, Laminate, Tile, Tile - Ceramic
    Building materials
    Brick
    Roof type
    Flat, Metal
    Architectural style
    Other

    We can help!

    Listing Contact
    Patty Turner

    Listing agent Patty Turner License #0426347

    Listing office Keller Williams Rockwall 550 Vigor Way Ste 200, Rockwall, TX

    Listing date Apr 4, 2026

    MLS# 21109272 Listing URL

    Copyright © 2026 North Texas Real Estate Information Systems, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Prime Location: Centrally located in Rowlett, Texas, offering excellent accessibility near President George Bush Turnpike and Highway 66.
    • Versatile 7,200 SF building suitable for office, warehouse, storage, or various commercial operations.
    • Features three 14‑ft and one 18‑ft garage loading bay doors for easy loading and unloading.
    • Recent renovations include updated drywall interiors and well‑maintained condition.
    • Durable brick construction and a flat metal roof.
    • Flexible layout currently divided between two tenants with expansive open areas and interior restroom.

    Overview

    This 7,200-square-foot office and warehouse property is located in the center of Rowlett, Texas. The building is near President George Bush Turnpike and Highway 66, and in close proximity to shops, restaurants, and residential communities. The building has been recently renovated with updated drywall interiors and features brick construction and a flat metal roof. There is surface parking available. The property includes three 14-ft and one 18-ft garage loading bay doors. The interior includes ceramic tile, concrete, and laminate flooring. Additional amenities consist of a kitchen break room, interior restroom, and expansive open areas suitable for office, showroom, or warehouse use. The property is divided between two tenants. The lot size is 0.3903 acres.

    Financial Insights

    Value Estimation Calculated for Office B

    Conservative
    $1.13M
    NOI $102,060 @ 9.00% cap · cautious / downside scenario
    Moderate
    $1.46M
    NOI $102,060 @ 7.00% cap · market / base-case scenario
    Aggressive
    $2.04M
    NOI $102,060 @ 5.00% cap · optimistic / upside scenario

    NOI & Cap Rate Calculator

    NOI Build-Up
    Vacancy
    income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
    EGI (Effective Gross Income)
    gross rent minus vacancy losses — the realistic income before paying operating costs.
    OpEx (Operating Expenses)
    recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
    NOI (Net Operating Income)
    income a property generates after operating costs but before financing and taxes.
         Calculated for Office B

    Component $ $/SF
    Gross rent $181.4k $25.20
    − Vacancy −$45.4k −$6.30
    EGI $136.1k $18.90
    − OpEx −$34.0k −$4.73
    NOI $102.1k $14.17
    7,200 SF · lease $25.20/SF/yr · vacancy 25.00% · expense 25.00%

    Alternative Use Scenarios

    Best Use
    Office B
    $1.46M
    $1.28M – $1.70M (±1% cap)
    NOI $102,060 @ 7.0% cap · market cap 8.16%
    Second Best
    Warehouse
    $647.4K
    $566.5K – $755.4K (±1% cap)
    NOI $45,321 @ 7.0% cap · market cap 3.63%
    Theoretical Best
    Multifamily LT 5
    $86.30M
    $75.52M – $100.69M (±1% cap)
    NOI $6,041,272 @ 7.0% cap · market cap 483.30%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Rino Amusement Arcade & Gaming Center Trycom Inc Medical Supply Store APEWORX LLC Auto Repair Shop Ascential Service Corporation (Bike/Boat/Book/etc) Store Fuller Appraisals Real Estate Agency

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Hair Salon Auto Repair Shop Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Rowlett
    County
    Dallas
    State
    Texas
    Longitude
    -96.5652
    Latitude
    32.905915

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    FAQs

    What type of property is this?
    Flex space - Versatile office and warehouse space in the heart of Rowlett.
    Where is this flex space located?
    The property is located at 3906 Industrial Street Rowlett, TX.
    What is the asking price?
    The asking price for this property is $1,250,000.
    What are key features of this property?
    This property features: Prime Location: Centrally located in Rowlett, Texas, offering excellent accessibility near President George Bush Turnpike and Highway 66.; Versatile 7,200 SF building suitable for office, warehouse, storage, or various commercial operations.; Features three 14‑ft and one 18‑ft garage loading bay doors for easy loading and unloading.
    (972) 772-7000
    We can help!
    Listing Contact
    Patty Turner
    Real Estate License ID: 0426347
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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